All Forum Posts by: Zamir Kazi

@Cal C.  this is probably a great explanation as to why I haven't gotten a deal yet. I am going to refocus my list to the following. Tell me what you think:

1) Probate

2) Evictions

3) 2 or more years late on taxes

4) 60, 90 days late on mortgage

5) Notice of default

6) discharged/dismissed bankruptcy

7) Tax lien sale

8) Divorce

9) 25+ Years owned with equity

10) Code Violations

11) Vacant Properties

12) Absentee owners 3-5 years

13) Inherited properties

14) Expired listings

This is great! I just joined and love the feedback I am getting already. Wished I would've joined earlier!

I just started calling Portfolio Lenders in Orlando. 

There's a good website called www.bankfox.com, the list is kind of old and outdated but it lists all of the "small banks" in your state basically banks or credit unions with less than ten branches, and gives them a score 1 out of 5. 

All my properties have been purchased cash, so looking someone to cash me out they said they would have no problem doing a blanket as well as a 5/30 ARM most said 70% LTV and one said 65%.

The big brand banks will not give out more than 4-10 mortgages because they sell their loans and must comply with fannie mae freddie mac rules. The small banks keep them. Any recommendations here in Orlando, FL?

@Rick H.@Shane Foster 

When I go to my county comptroller website this is what I come up with. What do I do with this information?

Might be hard to read but just gives me:

Document Number

Book

Page

Grantor

Grantee

---Thanks

Actually, the list I had was home purchases between 2005-2008, was mainly targeting upside down owners who purchased right before the market crash.

Where do I get a list of people that have had the same address for a long time?

Thanks!

Thanks Shane! This has been very helpful.

Where do you get the lead lists from? Like the 60, 90 days late, absentee owners 3-5 years, inherited?

Evictions, code violations, probate, etc will be found with the county/state public record?

As far as budget goes, we have a good amount of money, what percentage of my money should be allocated to marketing?

Thanks Shane! This has been very helpful.

Where do you get the lead lists from? Like the 60, 90 days late, absentee owners 3-5 years, inherited?

Evictions, code violations, probate, etc will be found with the county?

As far as budget goes, we have a good amount of money, what percentage of my money should be allocated to marketing?

Does anyone have a good CRM system to manage follow ups with Yellownotes?

Also how many yellow notes should I be trying to send out monthly for a strong campaign? 

Any good lead sources as well?

I tried a campaign recently to about 1000 owners, sent out two to three pieces to two thirds of them so far the other third have only gotten one letter. I try to send out everyone a letter once a month.

I haven't gotten a bite yet, but have had some good conversation. I think I just need to contact more people.

I've found most likely these are wholesalers, or realtors who are looking for "buyers" the property in question is most always "sold" and they will put you on their email list when something else arises.

Hello!

I currently own 4 Duplexes, 1 townhome, and one quadplex that we have bought cash. We have more money to invest, would it be better to purchase the rest cash, and then refinance/pull equity from the properties we currently have. Or finance the purchase in the first place? What is easier? If we pulled the equity, we would then reinvest the equity. What is a better investment strategy?

Also should I be using a portfolio lender vs a a large bank?

Does anyone know of any good portfolio lenders in the Orlando area?